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Financial
LLOY, RECI, OSB: Three mortgage stocks to explore mortgage defaults increase
May 09, 2023 08:45 AM BST| By Manu ShankarHighlights According to a consumer group Which?, approximately 700,000 households across the UK defaulted on their mortgage payments last month. It is revealed that about 2.5% of households defaulted on a housing payment. Meanwhile, approximatel...
2 Pension stocks to watch as unpaid pensions pile up
May 03, 2023 07:38 AM BST| By Manu ShankarHighlights Britain's pensioners were left struggling after a clerical error resulted in a staggering £530 million unpaid from last year. The Department for Work and Pensions announced that over 7 million Brits nationwide would receive a £301 paym...
3 FTSE-listed pension stocks to explore as funds decline
April 14, 2023 09:14 AM BST| By Manu ShankarHighlights The aggregate surplus of UK-defined benefit funds covered by the Pension Protection Fund (PPF) declined 5.8% in March. The majority covered by the index was down by 84.9%. The liabilities increased by 4.7% for the month and 26.7% for...
3 banking stocks to watch as UK businesses expect inflation and cost easing
March 03, 2023 09:14 AM GMT| By Manu Shankar• According to the survey, UK businesses expect costs and inflation to ease but expect the wage pressures could remain high. • Wage growth was averaged at a high of 5.7% in February, and it remained unchanged from January. • Cost pressures remained...
Three mortgage stocks to explore in 2023
January 11, 2023 11:53 AM GMT| By Rishika Raina3 million families are facing a rise of £3,000 per year in their mortgage costs by the ending of the next financial year (2023-24).
Which pension stocks should you explore before 2023 begins?
December 16, 2022 12:56 PM GMT| By Abhishek SharmaHighlights:,A new survey has revealed that one in 25 pension savers would explore pausing their savings in the next 12 months.,About 2% of pension savers said they've already halted payments into a pension in the past half year.,The cost-of-living cr...
Banking stocks to explore as BoE raises interest rates to 3.5%
December 15, 2022 02:04 PM GMT| By Abhishek SharmaHighlights:,The Bank of England (BoE) has hiked interest rates to 3.5%.,This comes as a blow to mortgage owners as the EMIs will go upward following the latest hike.,Homebuyers in the UK may have to postpone further their plans to purchase their drea...
BoE says 4 million mortgages to rise next year: Which stocks to watch?
December 14, 2022 01:16 PM GMT| By Abhishek SharmaHighlights:,Mortgage rates have sharply risen in the past few months amid rising inflation and political chaos.,The Bank of England has projected that households will face significant pressure to meet their debts over the next year.,With the inflatio...
5 banking stocks to explore in December
December 09, 2022 12:49 PM GMT| By Abhishek SharmaHighlights:,Financial markets in the country are betting on a 78% chance that the central bank will go for a 50 bps hike in interest rates.,A rise in interest rates will also push the mortgage deals higher.,With inflation figures rising to record lev...
5 FTSE Pension stocks to explore amid financial headwinds
December 07, 2022 12:49 PM GMT| By Abhishek SharmaHighlights:,Nearly a quarter of pensioners are either mulling over withdrawing money from it or stopping paying in or decreasing their contributions due to financial headwinds.,A survey has shown that 38% of people aged between 25 and 34 are likely t...
Stocks to watch as London races to become fintech frontier
December 01, 2022 01:21 PM GMT| By Abhishek SharmaHighlights:,A survey has revealed that the UK capital can dominate the world of startups, especially in the fintech sector.,The latest insights come when the country is dealing with unprecedented financial challenges.,When it comes to financial servi...
Pension stocks to look at in December
November 30, 2022 12:30 PM GMT| By Abhishek SharmaHighlights:,The DWP has paid just a little over £200 million out of £1.5 billion it owed to pensioners.,A formal review into the pension scandal was launched last January.,Hundreds of thousands of older people have been let down by the Department of...
Mortgage approvals hit lowest since June 2020: Stocks to watch
November 29, 2022 01:27 PM GMT| By Abhishek SharmaHighlights:,Latest data from the Bank of England has shown that mortgage approvals last month dropped by 10%.,This is the lowest number of approvals by British lenders since June 2020,The housing sector has been one of the most impacted sectors after...
Three pension stocks to explore in December
November 24, 2022 11:10 AM GMT| By Abhishek SharmaHighlights:,Several pension experts in Britain were shocked to see the "hidden" borrowing across the pension schemes.,As a result, cash-strapped pension trustees were forced to sell their holdings, eventually decreasing the bond value.,After the mini...
Stocks to consider as mortgage rate slips below 6%
November 22, 2022 01:40 PM GMT| By Abhishek SharmaHighlights:,Mortgage rates have been falling since Rishi Sunak took the country's top job.,Average five-year fixed-rate deals have now slipped below 6% for the first time in seven weeks.,Ever since Rishi Sunak took charge as the prime minister, finan...
Mortgage-related stocks to consider amid rising inflation
November 16, 2022 02:22 PM GMT| By Abhishek SharmaHighlights:,Mortgage rates have stabilised after Rishi Sunak became the PM, but rising inflation is expected to push them up once again.,The Bank of England is likely to raise interest rates to control inflation, which will lead to higher EMIs for ho...
4 Banking stocks to watch out for amid recession fears
November 12, 2022 10:00 AM GMT| By Rishika RainaIn order to cover the loan losses in their latest trading updates, funds worth £1.3 billion have been set aside by the leading UK banks
FTSE 100 stocks to look at amid falling investment platform asset value
November 10, 2022 01:49 PM GMT| By Abhishek SharmaHighlights:,British investment platforms are witnessing a decline in the value of customer assets.,This is a reversal from the buoyant last year when people utilised their savings accumulated during pandemic-related lockdowns.,Fears of recession, tur...
Stocks to watch amid expectations of a pension age hike
November 10, 2022 12:46 PM GMT| By Rishika RainaThe UK is reportedly planning to announce a raise in the state pension and welfare payments as a part of next week's budget announcements.
Mortgage rates may spike again after BoE's rate hike: Stocks to watch
November 03, 2022 01:15 PM GMT| By Abhishek SharmaHighlights:,The Bank of England has hiked interest rates to 3%, pushing them to 33-year high.,A hike in interest means higher mortgage rates, as the latter is directly dependent on the former.,Ever since the Bank of England (BoE) started raising the...
